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20130801
20130831
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CNBC
Aug 8, 2013 9:00am EDT
.5 million this quarter. almost 50% of our business in north america is mobile. we're focused on migrating from being a daily deal e-mail business to being a true e-commerce marketplace where we now have over 54,000 deals live every day in north america. and we're focused on taking what's working in north america where we saw 23% growth in q1 accelerate to 30% in q2. and really give that to the rest of the world. we're by no means done. we've got a long way to go. >> now, you're alluding to the fact that though you have seen significant growth in the u.s., there is still significant weakness internationally. what's your plan to get the rest of the world on track? >> i mean, we saw some good improvement this quarter. europe shrank 8% year over year in q1. and that accelerated to 4% growth in q2. so that's pretty significant growth. we're now focused on taking the stuff that works. we know when we bring more deals to the market it has a huge effect. when we can get consumers to basically start with groupon when they want to buy anything anywhere, any time, we know that has a huge impact. and
CNBC
Aug 30, 2013 9:00am EDT
's getting out of a naik name like bank of america and his relationship with brian. very much committed to the housing growth story with, i think, wells is probably still the biggest hold-up. >> single biggest holding. went up at last report a little bit. so i do think he obviously is looking through a lot of the noise and feels like, you know, america is in relatively decent footing. where do you get a buy for the $50 million for his birthday? >> big cake. >> bridge cards. something he can use. always good to have you. sticking around? >> they tell me no. >> all right. it's good to see you, as always. >> thank you. >> have a great weekend. >>> a look at what is coming up in the next hour. >> food morning, kelly. we're going to take very different business perspectives. a businessman who fled syria as a result of what was going on. take his -- we'll have his take on the potential of military action over the weekend. we are also going to talk to the ceo of krispy kreme. we've been talking about this. if that wasn't enough we're going to look at the business of marijuana now that the feds
CNBC
Aug 5, 2013 9:00am EDT
's the chart. as josh brown pointed out this morning, for those who were -- thought this bet on america, on an american recovery was misguided -- >> or naive. >> slammed it in their face. stock's up 31% this year. >> to go back to the point as well, book value which buffett likes to use, up 2% for the quarter. in a period where travelers, some of the other big insurance competitors suffered because of their exposure to what was happening in the bond market. buffett what does he do? he buys companies. concentrated stakes in equities which did well in the second quarter and that helped outperform a the lot of his peers. >> buy a railroad, utility company in nevada hoping on recovery from recession there. big mac cr macro bets. >> tyson food, 69 cents, beat business 9 cents. revenue a beat. chicken and beef volume, up 4%, hard to do in this in economy. >> especially with beef prices the way they are. >> interesting you mention that. chicken feed costs up $105 million in the quart, less than 335 in the first half. the thinking is, they're looking at commodity costs coming down, even as pric
CNBC
Aug 6, 2013 9:00am EDT
and the big piece is this, the capper on the most powerful example of vertical integration in america, and why is this not a big amazon leverage play? >> well, it could be, and could be conceived alt that that, but this cost, it has to be that. if you look at the corporate structu structure, they own brands that they have not broadcast that they are part of amazon, and he does like to collect things that maybe will work out, and maybe some avenue down the road. >> i would say that characterization is wrong of the "new york times," because it is a personal investment of jeff bezos, and if he were to pull into amazon, there are legal problems and arm length negotiating problems, but maybe strike a deal with amazon, but they have to be done at arm's length and made available to other media publishers as well. >> and as you said the washington post shares were rallying. >> and that stock has been rallying. that is the irony. tribune splitting off, and news corp. and i have been off of the publishing businesses and the stocks are rallying, because they are about broadcasting. >> and two things, the
CNBC
Aug 7, 2013 9:00am EDT
on the scope of this, bank of america, merrill lynch, says that u.s. exports doubled from 2007 to 2 end of last year. and of course, patty, executive news editor, she's got a great piece about this with a lot more detail on cnbc.com. check it out, guys. >> absolutely. thanks very much for that. markets having a rough start to the day. the dow down about 85 points. now, the s&p 500 seeing red for the third day. on that note let's bring in david kelly with jpmorgan funtds. good morning. >> good morning. >> we've heard a lot of people telling us here they're worried about the second half. byron was talking about hits concerns yesterday. what are you doing with client money here? are you citying fully invested in this market? >> reasonably optimistic. plenty of land mines around the world. what we're seeing here is the u.s. economy lightly to pick up in the second half. i don't see any reason to pull away from that prediction. we're seeing numbers out of europe. europe posted the best composite index in two years in july. so seeing some life in europe. japan has been doing better. overall, global e
CNBC
Aug 29, 2013 9:00am EDT
higher after beating estimates thanks to improving sales in north america. >> look, they use the word -- sometimes on the conference calls, let's go well, west elm, good social media. then it says retail channel is underperforming. i'm like, sell. sell. but urban, which had a great quarter, does a 10 million share buyback announce and then you're on the guest call and it's denim selling well. people start buying vf corp. because they have a big preponderance in denim. maybe denim is coming back in style. people's expectations were low on guess. remember, also, guess, when you go stwthrough it you get handba and accessories. accessories, it's going up. handbagses is kors and that's going up a lot. people aren't using the coach look. hard goods within soft goods. you buy accessories and they do well but if you buy apparel but maybe now denim. it's a confusing story. it seems like a confusing story is not leading to a lot of selling. >> interesting. if the stock market is a casino, the retail space is like the baccarat room. nobody has no idea how it works. players in there are willing t
CNBC
Aug 9, 2013 9:00am EDT
on supporting middle america, seeing middle income job growth. there's some concern that, you know, is this creating a situation where the highs on the stock market actually creating greater income and equality in america. that's the message that lawmakers -- >> what is it going to take for companies going public, right, and creating capital, right? one day hiring because you need to hire eventually if you're going to grow. >> we need to see the hiring come through. that's the problem. even though you're seeing stock market highs. even though you're seeing companies sit on record amounts of cash, it's not translating to the level of job xwrogrooe grow need to get the economy running. that's the disconnect between the jobs and gdp and stock market and payrolls. >> i wonder how the fed reconciles that. it has played some role in helping financial markets have this front-loaded recovery. that's really seen or the of sync with the economic recovery. how do they try to prepare those things? >> i think that ben bernanke has said savers wear many hats. the rising stock market can help peo
CNBC
Aug 13, 2013 9:00am EDT
the next few months and joining us exclusively is the head of the u.s. equities and bank of america and merrill lynch, and she has a another 3% gain from here. >> another 3%, yes. it does not sound incredible, but the surprising fact is that we are one of the highest estimates on the street. >> why do you believe that we will keep gaining? >> what drives is here is the thing the fed talking about tapering is good news for equities and the e kconomy, becauset means that we no longer need a life support to keep it going. what is more interesting than the upside for equities is what i see is an interesting rotation within the equity market. so far we have seen the investors start to buy the equities, but they have gone into yield, and bond proxies and the next phase of the market is moving to more cyclical gdp sensitive stocks and sectors. >> provided presumably, you have the growth, and there the jury is out, because it could be exciting that over the next couple of months you could see the growth coming through in the conmy and then 3, 3.5% for the next three years or possibly not in
CNBC
Aug 19, 2013 9:00am EDT
think 1% in north america. whirlpool okay. everybody saying good news from home depot and lowes. the same problem with the home builders in may, valuations are stretched here. almost 20, 21 times forward earnings for both companies. up 75 to 80% since the beginning of 2012 and the home improvement story starts. they're not quite -- they're not momentum stocks but they might as well be. my point is, any disappointment from them, even on guidance, is going to result in some kind of move from the weak hands getting out. bear that in mind. risk to the downside. jim, you were mentioning exxon. exxon mobil is down 18 of the last 19 trading sessions. ever since their report came out, i think august 1st, we knee the story, what they said, they can't really grow any more. they're having trouble replacing all of the oil they're losing. i think they lose 6% of their supply a year. that's the downside of big oil. back to you. >> bob, that's some statistic, 18 of the last 19. pulte home trading 23, 24, he questioned it. great job, bob. let's shift to bonds and the dollar. rick santelli at cm
CNBC
Aug 1, 2013 9:00am EDT
, it was not a good quarter and the stock is down 3.4%. why? they did lose 84,000 subs in the u.s. latin america, though, is the key growth component for this company as you take a look at subscribers in the u.s. and churn. let's go to latin as well, because there you'll see what was not expected. 165,000 additions. that was well below. you can see what they did just last quarter. and the average monthly churn skyrocketed to 3.1%. >> wow. >> should point out, you know, this trades at about ten times forward of eps, for time warner cable you are talking 11 times cash flow, so the valuations may simply hold up for these companies, jim. >> latin america is showing there's a tremendous trade restraint going on. i think they've become argentina a little bit anti-american. >> questions, of course, about brazil which is -- >> yes. >> -- huge. >> latin america is no longer as friendly to the capitalists as it used to be. >> argentina the best world index in july. up 12.5%, is that ridiculous? >> good stock market, but not that good to america. >> whole foods earnings beat and raised guidance not enough
CNBC
Aug 12, 2013 9:00am EDT
brand name certainly in western europe and in north america? >> i think with blackberry, if you want to take it private, it would take someone with vision. the current management team doesn't have the vision. they just sort of are behind and they're sort of playing a game from three or four years ago. they came out with this os, that would have been nice four or five years ago. there's no applications, nothing to differentiate it from an iphone or make it better than android. so maybe the slim chance would be someone comes in, seeing something in the assets, sees some kind of vision for let's just give up on the handset business, basically. we'll invest a little bit to keep things going, but maybe some sort of security play, other idea for what you can do with what they have with mobile technology and shift away from trying to be a handset company and shift away from trying to fight the iphone because that's a battle they cannot win. >> we'll leave it there. thank you both for your insights this morning. >>> blackberry's exploration of strategic alternatives brings us -- yes, you gue
CNBC
Aug 14, 2013 9:00am EDT
cost basis through sales growth and by being the biggest apparel retailer in america take that strength to the next level to be that much more important to the consumer. >> matthew, can you take us briefly on a quick trip through your universe. where does macy's fit in the other investment choices? >> yeah, we've actually identified four key stocks which we call our four horsemen, macy's, nike, vf corp. and dollar tree. we think those four companies fit the mid teens earnings profile balance sheet. best in class. i would agree with richard. i think what we saw today is a sales shortfall but illustrate that algorithm of a strong company, macy's earnings growth, 18% in the spring season here. >> sure. >> i think when you put it all together it's actually wasn't a terrible print and especially as you look forward i think they're well positioned if back to school does come later. >> i was under the impress they brought in fashion earlier because back to school was earlier in some parts of the country. richard, before we let you go, is macy's your top choice for investors? >> today it's my t
CNBC
Aug 15, 2013 9:00am EDT
countries, north ameri america, northern europe. emerging markets continue to struggle. overall, again, i think we're seeing a near-term issue. but going forward, i think you're going to be really happy with this company and i think over the long term over the next year or two i think you're going see pretty solid and strong growth. >> all right, jim channing sticking with his shares. we watch them down about 7%. moving on now to major news, president obama making a statement moment ace go on egypt. he said the u.s. will cancel joint military exercises with egypt. to help us understand this, john harwood joins us live now from washington with more. john? >> kelly, it was a minimalist response by the president. you had some people including former advisers of his own saying that the united states should suspend or cut off military aid to the egyptian government. the president did not do that. he said that they were going to cancel those bright star military exercises scheduled for next month and continue to consult with his national security team on other steps. what he was trying to do wa
CNBC
Aug 26, 2013 9:00am EDT
direct edge holding agreeing to merge, the second largest stock exchange in america. terms of the deal not disclosed but expected to close the first half of next year. >>> it's a bad year for ipos in the country especially technology. according to the "wall street journal," just 16% of ipos this year have been from tech firms. that's the second worst showing since 1993. >>> according to the latest sales numbers, tesla is now outselling porsche, volvo and land rover in california. tesla captured 12% of california's luxury sports car market in the first half of the year, selling, just remember, one model of car, the tesla model s. >> gold pushing towards 1400 this morning, close to bull market territory, about a 20% move since the summer. all this as the fed tapering debate on the minds of investors. on that note, let's bring in art carbon wish carbon. is the move telling us something here? >> goal has a cyclical pattern. in june and july it's the weakest. then it tends to pick up as time wears on. and of course, the weak data that we've gotten, particularly the housing on friday, hints
CNBC
Aug 20, 2013 9:00am EDT
now be replacing bank of america as the most legally embattled bank on the street. >> kate, thank you very much. kate kelly back at hq. >>> on a lighter note, he just finished swimming across the hudson river and now he's coming to cnbc live. we'll talk to one of the biggest names in sports, olympic champion, ryan lochte, when we come back. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. and experience the connectivity of the available lexus enform, including the es and rx. ♪ this is the pursuit of perfection. >>> dow is up some 34 points on this tuesday morning. nice little build here given the fact that we've been down the past four sessions, and unbel
CNBC
Aug 21, 2013 9:00am EDT
for the broader industry? let's bring in jane wells and trina solar president for america's mark meddenhall from san jose. jane? >> thank you, kelly. mark, thanks for joining us. let me see if i can do this. stocks way up over the last two days as you reported. much better than expected shipments. much narrower loss than expected. others talk of expanding capacity, growth in china and japan. what was what's going on? i thought this was a low-margin dying business and that china was slowing? >> i think the entire industry has been experiencing a lot of growth. but the last couple of years have been difficult because of over-capacity industry thank is now beginning to sort itself out. trina has always managed to manage its finances in a conservative fashion and i think we're now beginning to see the benefits of that conservative management of our balance sheet. >> it sounds like asia is absorbing a lot of this capacity. what is going on in asia? >> we have the expansion in japan which is trying to replace a lot of its power production that occurred after the unfortunate tsunami that occurred there
CNBC
Aug 22, 2013 9:00am EDT
at this and say that america is tinkering at the edges of the problem. i think that you probably believe that as well reading between the lines. do you think the baby boomers are failing this country because of not a carbon tax? >> i think the carbon tax is the cleanest way to go. i don't see the appetite in congress forget that done at this point. if you want to say something that is actually the best. you can make it revenue neutral in the sense that cow don't impose. you can cut other taxes for the individual and what you're doing is it's the producer of the things you want to reduce who has to pay the fine which is the incentive. >> why is it politically impossible to get that through congress? what do you have to do to change? demagoguery? >> do you believe the scientific evidence is induce putable but others do in the. >> actually most people do believe that something is happening. >> no voices in this country. >> no. the problem is you've got a congress now that is so focus and politics rather than policy that they look at everything as what's going to give me another vote in my c
CNBC
Aug 23, 2013 9:00am EDT
america, you had no idea. it angers me because there's a responsibility there to the people investing in these companies, listed on that exchange, and, you know, to make sure they're aware of exactly what was going on. and they were left out. >> i think in fairness to greifeld it would be a question of priorities in his view. probably you have a relatively small team, the job has got to be to ensure that financially nobody gets hurt rather than appearing on cable television i think is the point he's trying to make. >> no question. i absolutely agree with that. i'm not saying that. i'm saying if you're sitting in the middle of the country you have no idea what's locked up and why. the press is the only conduit of information to you. i would say that we had an issue with facebook. we had an issue with the flash crash. we had an issue yesterday with what occurred on the nasdaq, technological issue. what i have an issue with is how it's communiqued to the public and how mom and pop in middle america are actually going to get informed on that and they should be informed because they're the
CNBC
Aug 28, 2013 9:00am EDT
. their time. it was bank of america's time before and now it is one of the moments when i look back at my own career and i realize that i had a choice, goldman sachs coming out of harvard law or paul weiss. i took goldman, but it is a paul weiss moment. law firm. i'm going law firm. >> you covered a lot of this when you talked to jamie here on the very floor a few weeks ago. >> yes. >> take a look at this bite. >> this company did great through the crisis, and we trade around the world and trade tr trillions of dollars everyday. we are a good company with flaws. >> you are used past tense. >> yes, there is some compliance and some mortgage and some industry-wide and some unique to us, ap when nd when we looked ae said they were accurate complaints. so we acknowledge the faults and we will fix them. we are not denying it, and we will fix them and make the regulators happy with what we are doing. >> look, a lot of blame to go around and a lot of people hate the bankers, and do you read the store ri and say, boy, i feel bad for jpmorgan and dimon, wow, what a shame. no, you don't. they are big t
CNBC
Aug 16, 2013 9:00am EDT
of america, can i ask you about that industry? obviously the billionaires are advancing on individual titles. you see bezos with "the washington post." the koch brothers may be coming in. warren buffett has been advancing into newspapers. what's the future of the industry in the country. i know you've done studies of how revenue streams ever changing. will it be as strong as it is in two decades? >> it's tremendous you're getting the interest in the investment from very savvy, very smart people from multiple backgrounds. the entire media landscape absolutely is transitioning. digital is changing the way all of us interact with media. i believe that newspapers are uniquely well positioned to take advantage of that transformation. we have unique content whether it's an opportunity newspaper who is covering an event, a sports event, city council that no one else covers, or a national or global brand like "the washington post," like "the new york times." the amount of unique, original content generated by newspapers surpasses any other media and whether it's delivered in print, in digital, onlin
Search Results 0 to 19 of about 20